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CAMBRIDGE, UK - Quartix Technologies plc (AIM:QTX), a vehicle tracking software provider, granted share options to five senior executives on Monday as part of their remuneration packages, according to a company press release.
Commercial and Operations Director Daniel Mendis received 27,500 options over ordinary shares exercisable at the nominal share price of 1 penny. These options are subject to performance conditions related to recurring revenue growth, channel development in target markets, and sales organization efficiency. The options will vest in 2026 if conditions are met and must be held for at least 12 months.
Mendis currently holds 51,978 ordinary shares, representing 0.11 percent of the company’s issued share capital.
Additionally, four other senior executives each received 21,052 options exercisable at 285 pence per share. The recipients include Finance Director and Company Secretary Sally Morton, Head of Telematics Glen Middleton, Sales Director Sean Maher, and Head of Infrastructure and Support Ian Pawley. These options will vest on October 6, 2028, subject to continued employment.
Quartix Technologies describes itself as a supplier of subscription-based vehicle tracking software and services.
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